You are the auditor of VIT Ltd.On 8 September 2019, you read in the newspaper that VIT has lost a court case and was ordered to compensate the other party an amount of $33 million. The court case started in 2018 and related to a warehouse built by VIT for one of its clients which caught fire due to faulty electrical wiring. The wiring was carried out by one of VIT's electrical contractors.

Additional information:

• Annual balance date: 30 June 2019
• Completion of audit fieldwork: 17 August 2019
• The signing of audit report: 23 August 2019
• Publication of financial statements: 4 September 2019

Required:

State what the auditor will either do or request Management to do. Justify your response.